John Porteous, head of distribution at Macquarie, looks at how IFAs can build a more efficient service.
There is a strong argument to suggest that most planning firms are aware of the changes they need to make to meet the challenges of RDR. Those that emerge successful from this period of transition are likely to be the ones that have executed change effectively and in a sustainable manner. Everywhere you turn there is guidance on what firms should or should not do in the run-up to RDR. Clearly, given the multitude of different business models, client types and skillsets across the UK advice space, it is hardly a surprise that no single approach to evolution can support every planning prac...
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